Maltese advisory firm executives charged over $75m client fraud

News Team, 01/09/2022

The Securities and Exchange Commission (SEC) has charged two executives and their Malta-based investment adviser firm - Standard Advisory Services - for defrauding clients out of more than $75 million.

According to the SEC’s complaint, from July 2017 through 2018, Gregory E. Lindberg and Christopher Herwig breached their fiduciary duties to their advisory clients by fraudulently causing them to engage in undisclosed related-party transactions that were not in the best interest...

Continue reading this article...

Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.

You are currently not logged in,
login to view the full article
start by clicking this button.

Need a subscription,
fill out the form here or
contact subs@eprivateclient.com

About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM


eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more